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in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business income. >> this term is driving me nut, i have to be honest. it's become so central. everyone celebrates small business. it seems to me, a term in search of an actual definition. there's no agreed upon definition. it could mean anything. it's like saying workers. that includes hedge fund managers and janitors because they both work. it's not a useful concept. reverse engineered to score a political point. it begins as it's
the economy, this failing economy. >> if you can't trust in the numbers. let me make this point as a devil's advocate for people expressing skepticism on the right about these numbers. the number of new jobs found in the household survey, not the headline number of 114,000, it's an a no, ma'am mow louse number, the point is these monthly job numbers, they're estimates. it's a massive economy. they're trying to find using these statistical methods changes in a very large economy. every month afterwards the numbers get revised. they're all over the place. >> in this case they revised the earlier numbers up by some $85, 86,000. this means we have created more jobs in the previous months that have not been added. you talk about manipulation. they should have increased that number by that amount and that would have even been more accurate, but they didn't do that. that's the best estimate they had at the moment. >> right. also to the adp survey that comes out a little before the jobs numbers. it's almost always more jobs than you end up getting in the bureau of labor statistics. there's questio
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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